Accrual for subcontract work not yet invoiced

MarieNoelle

I wonder if someone can advise on this:
Limited co has a year end of 31st January 14. Their last invoice for customer X was raised on 15th January 14. They used a subcontractor to complete the work for the customer; however the subcontractor didn't raise his invoice until the end of March 2014 (and it was paid end of March). The subcontractor's invoice is clearly identified as a job for customer X.
Can the purchase invoice be accrued at 31st January 14?

I think it can but would be grateful for confirmation.
Thanks
MN

Devilish Bird

Yes as the relevant work was carried out in January so an accrual can be made when the cost is also identifiable. I am very surprised no one has replied to this!!

MarieNoelle

Thank you! It's always good to have someone else's opinion!